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News Release

FY2010

January 31, 2011

JX Nippon Mining & Metals Corporation

JX Nippon Mining & Metals Corporation to Acquire All Shares of Precision Press Processing Company Suzuki Manufacturing

-To Strengthen and Expand Precision Processing Operations-

Suzuki Manufacturing Co., Ltd. (headquarters: Nasushiobara-shi, Tochigi; president: Yuji Suzuki) specializes in precision press processing. JX Nippon Mining & Metals Corporation (head office: Otemachi 2-chome, Chiyoda-ku, Tokyo; president: Masanori Okada) has reached the following agreement with Suzuki Manufacturing and its shareholders regarding the acquisition of the issued shares of that company:

(1) Method of Acquisition: Acquisition of all shares issued (123,000 shares) in cash
(2) Date of Share Acquisition: February 28, 2011 (tentative)

Suzuki Manufacturing, a precision press processing company, boasts particularly outstanding technologies in three dimensional bending in the area of high-speed micro press processing and precision metal mold design and manufacture. By strengthening its press processing technology through share acquisition in Suzuki Manufacturing, JX Nippon Mining & Metals Corporation will further expand its current production system that handles the complete range of processes—from precision rolling to pressing to plating—in precision parts processing and thus be able to respond more rapidly and accurately to various user needs.

(Reference) Profile of Suzuki Manufacturing Co., Ltd.

1. Capital: 61.5 million yen
2. Main Business: Precision press processing
3. Headquarters and plant: Nasushiobara-shi, Tochigi
4. Sales: 3.3 billion yen (as of fiscal 2009)
5. Representative: President& CEO Yuji Suzuki
6. No. of Employees: 190 (as of April 2010)